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HomeMy WebLinkAbout1998.07.14 EDA MINUTES-APPROVED CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES July 14, 1998 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at City Hall, 7516 80th Street South, Cottage Grove, Minnesota on the 14th day of July 1998. CALL TO ORDER The meeting was called to order at 7:30 by Mayor Denzer. • ROLL CALL Members Present: Donna Boehm, Bill Buth, Jack Denzer, Glen Kleven, Fred Luden, Gerard Weingartner, Jim Wolcott Members Absent: None Others Present: Kirstin Barsness, Economic Development Director Ryan Schroeder, City Administrator Liz Johnson, Finance Director Neil Belscamper, Economic Development Secretary APPROVAL OF MINUTES Buth motioned to approve the June 9, 1998 Economic Development Authority Minutes. Kleven seconded. Motion carried unanimously. 4.A. DEVELOPMENT TOUR & GOLF TOURNAMENT Barsness highlighted some of the festivities taking place at the annual tournament. Knit shirts will be given to participants this year. She said pre-invitations had already been sent, and transportation had been reserved, as well as arrangements for lunch having already been made. NSP will sponsor lunch and Welsh Companies will sponsor the beverages. A trivia game based on facts given during the tour will take place at the golf tournament. Calls have already been coming in requesting foursome spots. • CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES August 5, 1998 Pursuant to due call and notice thereof, a special meeting of the Economic Development Authority was held at City Hall, 7516 80th Street South, Cottage Grove, Minnesota on the 5th day of August 1998. CALL TO ORDER The meeting was called to order at 7:00 p.m. by Mayor Denzer. ROLL CALL Members Present: John Denzer, Fred Luden, Gerard Weingartner, Jim Wolcott Members Absent: Donna Boehm, Bill Buth, Glen Kleven • Others Present: Kirstin Barsness, Economic Development Director Ryan Schroeder, City Administrator 3.A. MODIFICATIONS TO TIF 1-7 Wolcott moved to approve a resolution modifying TIF District No. 1-7. Weingartner seconded. Motion carried unanimously. 3.B.AUGUST MEETING DATE The August meeting date of the Economic Development Authority was determined to be on August 25, immediately before the Development Tour and Golf Tournament. 4. MISCELLANEOUS BUSINESS Mayor Denzer recommended that Dick Pederson serve the remainder of Bill Buth's term. The Economic Development Authority approved the recommendation and staff was directed to place the appointment on the next City Council agenda. ADJOURN Wolcott moved to adjourn. Luden seconded. Motion carried unanimously. Respectfully submitted, i Neil Belscamper/ Economic Deve •pment Secre .Ty • Economic Development Authority- Minutes July 14, 1998 Page 2 4.B MODIFICATION OF TIF 1-7 Barsness stated that the budget is $820,000. She said part of the TIF 1-7 would be used for infrastructure of the Renewal project. Additional property would be purchased in the industrial park. She noted that part of it could be brought into the Economic Development budget, but would have to be used for TIF-related projects and must be committed by the end of the year. She said a special meeting would have to be held before the August City Council meeting. A meeting date of August 5 was scheduled. 4.0 Urban and Rural Service Districts Barsness said the county informed the City that the Renewal site was located in the rural service district. She said the service district must be changed by August 1 in order to have the designation changed to urban in one year's time. She said it was rare for a community to have both urban and rural service districts. Wolcott moved that the rural service district designation be changed. Buth seconded. Motion carried unanimously. 4.D. Project Updates • Barsness said the Renewal by Anderson groundbreaking would take place the following week. She said a grading permit had been issued by the City. She also noted that 20 acres had been optioned for another company next to the Renewal site. 4.E. Budget Discussion Liz Johnson summarized the Economic Development and Economic Development Authority funds. The Economic Development fund is funded by a $35,000 property-tax levy. She said the Economic Development Authority fund is funded mainly by interest. She said both funds should balance and be self-sustaining in the future. Barsness remarked that the levy is under the restriction of limits. She said the EDA can levy taxes via HRA authority, but the funds would be subject to restricted use. Buth commented on using available sources to maximize preparedness in regard to new projects in the industrial park. Kleven motioned that staff research using HRA authority to levy additional taxes. Weingartner seconded. Motion carried unanimously. Miscellaneous Business Items ADJOURN Kleven motioned to adjourn. Wolcott seconded. Motion carried unanimously. Respectfully submitted, • ' -il Be -r conomic Develoment Secretary